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Saipem CEO says Saudi contracts part of natural gas shift - Reuters

Jul. 10, 2019 12:39 PM ETSaipem SpA (SAPMF) StockSAPMY, SAPMF, SAAYYBy: Vandana Singh, SA News Editor
  • Saipem (OTCPK:SAPMF) won two new contracts for $3.5B from Saudi Aramco for development of land facilities of the Berri and Marjan gas fields
  • The company says that the contracts are part of a shift in the company’s strategy to focus more on natural gas
  • Saipem shares rose 2.9% in Milan, outperforming a 0.8% rise in Italy’s blue-chip index.
  • Source

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